Qantas reviews Asia options
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Qantas Airways (QAN) has heightened its focus on pursuing Asian growth opportunities as the airline's chief executive, Alan Joyce, visits the region for the third time this year for a series of meetings with government officials, The Australian Financial Review reported.
Mr Joyce had been lobbying for the new coalition government to reform the Qantas Sale Act to allow the airline to seek separate Air Operators Certificates for its domestic and international arms so that Chinese carriers could invest in the international arm.
Mr Joyce has argued the restrictions facing Qantas on foreign investment puts it at a disadvantage versus the likes of Virgin Australia Holdings (VAH), which split its operations to allow foreign carriers to invest in its international arm.
However, the airline is expected to move away from its lobbying efforts as the Senate is not seen as friendly to such a move.
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